Russell Simmons Praises QC Label Sale, Scooter Braun

Quality Control co-founder Pierre “Pee” Thomas‘ choice to offer his label to Scooter Braun‘s HYBE platform for a reported $300 million was an excellent relocation, according to no less an authority on the biz than Russell Simmons.

Pee was slammed for developing a Black-owned business just to offer it to white America — he without delay protected the carry on social networks — however Russell states all those haters require to inform themselves prior to they speak.

We spoke with Rush Friday in WeHo, and he believes the sale will open brand-new chances for Pee, and his partner Kevin “Coach K” Lee, to invest even more in their neighborhood … since they’ll have the ability to liquidate possessions.

Rush states the music market is an unstable location — he referenced the downfall of Young Thug and 300 Entertainment as examples, in addition to his own history.

In 1999, Rush sold Def Jam Records, the label he co-founded for an approximated $120 million, and had the ability to branch off into style, movie, monetary service and fashion jewelry!!!

Def Jam is still going strong today and Rush states QC will grow all the very same under Scooter Braun’s watch. He likewise does not believe race contributed in the sale.